Oh wow yes, so I tested again on two clips. The encoder type setting makes all the difference in time to export.
Here are the results for one of the clips.
3min29sec clip 1280x720p :
- H264 takes 1min22sec
- HEVC encoder type fast takes 33sec
- HEVC encoder type slow takes 11minutes
H264 file size is 30% smaller than HEVC fast, though. Quality seems about the same from the two clips.
HEVC slow file size is exactly the same as H264, but quality is very noticeably better.
So.... in the end... I know which setting I want to use (HEVC with slow encoder type for better quality at smaller file size), but I know it takes forever (20x longer than HEVC slow)... 😅